The Short-Run Aggregate Supply Curve Is Upsloping Because Higher Price

question 70

Multiple Choice

The short-run aggregate supply curve is upsloping because higher price levels

• A)lower interest rates and encourage firms to invest and produce more.
• B)create incentives to expand output when resource prices are unresponsive to price-level changes.
• C)encourage importation of foreign goods.
• D)create an expectation among producers of still higher price levels.

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